KBC Group NV Has $2.79 Million Stake in Apogee Enterprises Inc (APOG)
KBC Group NV cut its stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 31.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,978 shares of the industrial products company’s stock after selling 26,381 shares during the quarter. KBC Group NV owned approximately 0.21% of Apogee Enterprises worth $2,793,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in APOG. Dimensional Fund Advisors LP lifted its stake in Apogee Enterprises by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,452,369 shares of the industrial products company’s stock worth $62,960,000 after purchasing an additional 57,189 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Apogee Enterprises during the first quarter worth approximately $42,970,000. Westwood Holdings Group Inc. lifted its stake in Apogee Enterprises by 2.1% during the first quarter. Westwood Holdings Group Inc. now owns 614,380 shares of the industrial products company’s stock worth $26,633,000 after purchasing an additional 12,370 shares during the last quarter. Northern Trust Corp lifted its stake in Apogee Enterprises by 6.9% during the first quarter. Northern Trust Corp now owns 425,139 shares of the industrial products company’s stock worth $18,430,000 after purchasing an additional 27,281 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Apogee Enterprises by 1,229.9% during the second quarter. Rice Hall James & Associates LLC now owns 400,578 shares of the industrial products company’s stock worth $19,296,000 after purchasing an additional 370,458 shares during the last quarter. 95.84% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ APOG opened at $49.62 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.68 and a quick ratio of 1.30. Apogee Enterprises Inc has a twelve month low of $37.24 and a twelve month high of $51.33. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.38 and a beta of 1.45.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 2nd. Shareholders of record on Wednesday, July 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, July 17th. Apogee Enterprises’s dividend payout ratio is currently 20.32%.
APOG has been the subject of several recent analyst reports. TheStreet upgraded Apogee Enterprises from a “c+” rating to a “b” rating in a research note on Thursday, June 28th. BidaskClub cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 20th. ValuEngine cut Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. DA Davidson cut Apogee Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $47.00 to $52.00 in a research note on Friday, June 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Apogee Enterprises from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, July 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Apogee Enterprises currently has a consensus rating of “Hold” and a consensus target price of $54.00.
Apogee Enterprises Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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